In addition to the widespread attention and media coverage, there exist many elements and forces that have the potential to significantly influence the trajectory of Bitcoin. In the face of the dynamic landscape of cryptocurrencies, as the year 2023 draws to a close, there exists a climate of conjecture, optimism, and tangible eagerness. Bitcoin, the pioneering digital entity, finds itself amidst this tumultuous environment, projecting a substantial influence of possibilities and prospects. The inquiry arises: Is it plausible that in 2024, the attainment of the highly sought-after $100,000 threshold will be realized? Related Reading: Boom! Cronos Unleashes 57% Weekend Explosion, Beating All In The Top 100 Crypto Ranking Bitcoin To $100K – The Main Catalyst The primary catalyst now under consideration is the anticipated legalization of spot exchange-traded funds (ETFs), which is a topic of widespread interest. Growing speculation that the US Securities and Exchange Commission may approve a spot Bitcoin ETF is what’s fueling the revival of bitcoin. Analysts at Bloomberg Intelligence have projected a 90% possibility of approval for this vehicle, which may allow significant institutional investors with US head ..
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